wearable
electronics market over the forecast period. However, high
initial cost of these devices will restrict the growth of this market
to some extent.
Wearable electronics are accessories with advanced electronic
technologies. Wearable devices are worn on the body, which enable
wireless networking and mobile computing. These devices enable
end-users to integrate computer in their daily activity and use
technology to take advantage of advanced features and
characteristics. Wearable electronics devices include product such as
smart goggles, finger worn scanners, wrist wears such as wrist bands
and electronics watches, foot wears namely fitness and sport shoes
and athletic shoes, and others products such as neck-wear and head
bands. Increasing proliferation of smart watches and smart glasses
and their ability to share data with smart-phone are expected to
drive the growth of
The wearable electronics market can be segmented into four major
types into components, product, applications, and technology. The
wearable electronics market can be segmented on the basis of types of
components into seven major categories namely networking and
positioning components, power supply components, sensing components,
optoelectronic and display component, controls components and
interface components.
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On the basis of product the wearable electronics market can be
segment into six categories namely wrist-wear, eye-wear, body-wear,
foot-wear, neck wear and others (head-wear and finger wear). The
wearable electronics market can be segmented on the basis of size of
applications into four categories which include healthcare
application, consumer application, industrial applications and
commercial applications. On the basis of technology the market can be
segmented into six categories namely display technologies, computing
technologies, positioning technologies, networking technologies,
speech recognition technology and sensor technologies. The market can
also be segmented geographically into North America, Europe, Asia
Pacific and Rest of the World (Latin America, Middle East and
Africa).
Some of the key drivers of this market include increasing demand for
sophisticated gadgets with advanced features, enhanced adoption of
wearable electronic products in new applications and shifting trend
towards communication and networking technologies for wearable
electronics, which are the biggest revenue generators for wearable
electronics market. The key restraints to this market are high
initial cost, privacy concerns, and poor consumption, which are
hindering the growth of this market.
Some of the key players in the wearable electronics market are Apple
Inc., Adidas AG, Google Inc., AT & T Inc., Glassup SRL, Epson
Corporation, Imprint Energy Inc., Infineon
Technologies AG, Nike Inc., Shimmer Research Inc. and weartech S.L
among others.
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